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Recode Daily: AT&T’s streaming TV service gives cable a national rival

And there’s more competition coming.

Brad Bentley, EVP of marketing at AT&T Entertainment Group
Dave Kotinsky/Getty Images for DirecTV

With the introduction of DirecTV Now — a $35-a-month streaming TV package of more than 100 channels (with some notable holes) — AT&T is finally giving cable some serious national competition. And there’s more on the way. — [Peter Kafka / Recode]

The troubles of blood-testing startup Theranos could mean big losses for some big-name investors, including News Corp’s Rupert Murdoch, who put in about $100 million and whose Wall Street Journal first exposed problems with Theranos’ technology. — [Christopher Weaver, John Carreyrou and Michael Siconolfi / Wall Street Journal]

CNN has acquired Beme, the video-sharing app launched by YouTube star Casey Neistat, for about $25 million. CNN will shutter the app and put the Beme team to work in a new unit targeting millennial viewers. — [Mike Isaac / New York Times]

The hackers who hit San Franciscos Muni transit system with a ransomware attack over the weekend are now threatening to release personal data on employees and customers — a bluff, says Muni. Still, the incident was a reminder that transit systems are easy, and dangerous, targets. — [Michael Cabanatuan and Marissa Lang / San Francisco Chronicle]

Zenefits, which makes HR software and acts as a health-benefits broker, has been fined $7 million by California insurance regulators for violating licensing laws, by far the largest of its settlements with several states. — [Heather Somerville / Reuters]

The speaker lineup for Wednesday’s Evening with Code Media in New York already guaranteed some interesting onstage conversations — and then Donald Trump won. Peter Kafka and Kara Swisher will talk about the changed environment with Turner’s John Martin, BuzzFeed’s Janine Gibson and Politico co-founder Jim VandeHei, and there’s still room if you hurry. — [Peter Kafka / Recode]

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This Is Cool

A very Wes Anderson Christmas ad for H&M

Starring Adrien Brody.

This article originally appeared on

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